Holding(s) in Company

RNS Number : 0616R
Advance Developing Markets Fund Ltd
13 August 2010
 



Advance Developing Markets Fund Limited has received the following notification of interest in its shares

 

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES

 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):   Advance Developing Markets Fund Limited

 

2. Reason for the notification (please state Yes/No): (    )

 

An acquisition or disposal of voting rights: ( YES  )

 

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: (    )

 

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments (    )

 

An event changing the breakdown of voting rights: (      )

 

Other (please specify) : (     )

 

3. Full name of person(s) subject to the notification obligation (iii):

City of London Investment Management Company Limited

 

4. Full name of shareholder(s) (if different from 3.) (iv):

 

5. Date of the transaction (and date on which the threshold is crossed or  reached) (v):

10 August 2010

 

6. Date on which issuer notified:

12 August 2010

 

7. Threshold(s) that is/are crossed or reached (vi, vii):

19%

 

8. Notified details:

 

 

A: Voting rights attached to shares (viii, ix)

 

Class/type of shares if possible using the ISIN CODE

Situation previous to the Triggering transaction



 

Number of shares


Number of voting Rights


GG00B45L2K95

12,508,017

12,508,017

 

 

 

 

 

Resulting situation after the triggering transaction

 

Class/type of shares if possible using the ISIN CODE

Number of shares

Number of voting rights

% of voting rights

 

Direct


Direct (xi)


Indirect (xii)

Direct


Indirect


GG00B45L2K95

N/A

 

12,555,017

19.04%

 

 

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

 

Type of financial instrument


Expiration Date (xiii)




Exercise/Conversion Period/ Date (xiv)



Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights




 

 

 

 

 

 

 

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

 

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 





Nominal

Delta

 

 

 

 

 

Total (A+B+C)

Number of voting rights


% of voting rights


12,555,017

19.04%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xxi):

All voting rights on all Shares are controlled by City of London Investment Management Limited.

 

Proxy Voting:

 

10. Name of the proxy holder:

City of London Investment Management Company Limited

 

11. Number of voting rights proxy holder will cease to hold:

 

 

12. Date on which proxy holder will cease to hold voting rights:

 

 

13. Additional information:

 

14. Contact name:

Mark Jolly or Mike Sugrue

 

15. Contact telephone number:

Jau.mckenna@citlon.com -610-380-0121 OR

Michael.Sugrue@citlon.co.uk - 0207 860 8340

 

Enquiries:

 

Name of person making this announcement on behalf of Advance Developing Markets Fund Limited.

 

Mr Russell Scott

 

Tel: 020 7490 4355

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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